William Delgado
- Democratic
Primary
Creates the Title Loan Regulation Act. Provides that the Department of Financial and Professional Regulation shall license and regulate entities that offer title loans. Establishes requirements and restrictions applicable to license applications and licensing. Sets forth limitations, requirements, and disclosures applicable to loan agreements, terms of loans, finance charges, and renewal of loans. Provides for: revocation, suspension, and surrender of licenses; information to be available to the public; complaint handling; hearings; books and records; reports; advertising; prohibited acts; requirements and restrictions applicable to vehicle and boat titles; liens; penalties; enforcement; bonding; administrative rules; and other matters. Amends the Financial Institutions Code to provide that the Department of Financial and Professional Regulation shall administer the Title Loan Regulation Act. Amends the Consumer Installment Loan Act to provide that the Act does not apply to title loans. Provides that a knowing violation of the Title Loan Regulation Act constitutes an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act. Effective immediately.
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Session Sine Die
Rule 2-10 Third Reading Deadline Established As January 13, 2009
Pursuant to Senate Rule 3-9(b) / Referred to Rules
Rule 2-10 Third Reading Deadline Established As December 31, 2007
Rule 2-10 Third Reading Deadline Established As May 31, 2007
Placed on Calendar Order of 3rd Reading March 27, 2007
Second Reading
Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
Placed on Calendar Order of 2nd Reading March 20, 2007
Senate Committee Amendment No. 1 Adopted
Do Pass as Amended Financial Institutions; 009-000-000
Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
Senate Committee Amendment No. 1 Rules Refers to Financial Institutions
Senate Committee Amendment No. 1 Referred to Rules
Senate Committee Amendment No. 1 Filed with Secretary by Sen. William Delgado
Assigned to Financial Institutions
Filed with Secretary by Sen. William Delgado
Referred to Rules
First Reading
| Bill Text Versions | Format |
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| Introduced | HTML |
| Document | Format |
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| Senate Amendment 001 |
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